Zero-fee UPI transactions should continue: Former NITI Aayog vice-chairman

New Delhi, Sep 21 (PTI) NITI Aayog’s former vice-chairman Rajiv Kumar on Monday suggested the government to continue with zero-fee UPI transactions for at least a few more years until the currency-to-GDP ratio shows some tendency to decline, and then review the situation.

Kumar told PTI that he is not in favour of charging any fee from merchants for using UPI for any transaction value, and the government should treat it as a public good with extensive positive externalities.